Amgen (AMGN) Offering Possible 53.85% Return Over the Next 13 Calendar Days

Amgen's most recent trend suggests a bearish bias. One trading opportunity on Amgen is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 53.85% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock rose above the $180.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amgen is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Amgen is bearish.

The RSI indicator is at 24.79 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amgen

Amgen And Novartis Announce Expanded Collaboration With Banner Alzheimer's Institute In Pioneering Prevention Program
Thu, 02 Nov 2017 20:30:00 +0000
THOUSAND OAKS, Calif., Nov. 2, 2017 /PRNewswire/ — Amgen (AMGN) and Novartis today announced an expanded collaboration with the Banner Alzheimer's Institute (BAI) to initiate a new trial – the Alzheimer's Prevention Initiative (API) Generation Study 2. This trial follows the launch of the Generation Study 1, and will determine whether the BACE1 inhibitor CNP520 can prevent or delay the onset of Alzheimer's disease symptoms in a high-risk population.

How Are Amgen’s Repatha and Blincyto Positioned after 3Q17?
Thu, 02 Nov 2017 14:31:50 +0000
In 3Q17, Amgen’s (AMGN) Repatha generated revenues of around $89 million compared to $40 million in 3Q16.

How Amgen’s Nephrology Drugs Fared in 3Q17
Thu, 02 Nov 2017 13:02:09 +0000
In 3Q17, Amgen’s (AMGN) Aranesp generated revenues of around $516 million, which reflected ~3% growth on a year-over-year (or YoY) basis and a ~4% decline on a quarter-over-quarter basis.

How Did Amgen’s Neulasta and Neupogen Perform in 3Q17?
Thu, 02 Nov 2017 11:32:57 +0000
In 3Q17, Amgen’s (AMGN) Neulasta generated revenues of around $1.1 billion, a ~6% decline on a year-over-year (or YoY) basis and ~3% growth on a quarter-over-quarter basis.

How Amgen’s Kyprolis Performed in 3Q17
Wed, 01 Nov 2017 19:55:24 +0000
In 3Q17, Amgen's (AMGN) Kyprolis generated revenues of around $207 million, which reflected ~13% growth on a year-over-year (or YoY) basis and a 2% decline on a quarter-over-quarter basis.

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